Charles Schwab Investment Management Inc. Sells 28 Shares of NVR, Inc. (NYSE:NVR)

Charles Schwab Investment Management Inc. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,296 shares of the construction company’s stock after selling 28 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of NVR worth $199,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NVR. International Assets Investment Management LLC grew its stake in NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of NVR during the third quarter valued at about $348,545,000. Mizuho Securities USA LLC increased its holdings in shares of NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after purchasing an additional 16,266 shares during the last quarter. TD Asset Management Inc lifted its position in shares of NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after buying an additional 14,167 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of NVR by 98.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after buying an additional 8,684 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on NVR shares. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Bank of America decreased their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group lifted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8,783.33.

NVR Stock Up 0.7 %

NYSE NVR opened at $9,007.24 on Friday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.92 and a beta of 1.20. The company has a fifty day moving average of $9,422.94 and a two-hundred day moving average of $8,593.57.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm posted $125.26 earnings per share. NVR’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.